What is the best way for an 18 year old to build credit?
What is the best way for an 18 year old to build credit?
- Become an authorized user on a family member's credit card.
- Apply for a starter credit card.
- Set up automatic payments from a bank account for your starter card.
- Make sure your card's monthly statement balance is much lower than the credit limit.
- Work toward a high-paying job.
What should a 18 year olds credit score be?
In fact, according to Credit Karma, the average credit score for 18-24 year-olds is 630 and the average credit score for 25-30 year-olds is 628. FICO has different categorizations for credit scores and a 630 is deemed as “fair”.Nov 12, 2020